Hurricane's 'Mike Tyson punch' could impact 758,000 homes

Most Read

While it is true that a timeshare contract is a binding legal document, it is often mistakenly thought that such a contract cannot only be cancelled. In fact, most timeshare companies maintain that their contracts are non – cancellable. This misconception is perpetuated by timeshare companies and user groups that are funded, maintained and controlled by the timeshare industry.

The FHA 203k loan program provides home buyers the opportunity to buy and fix up a property, without exhausting their personal savings.

More than 758,000 homes are at risk of potential storm-surge damage from Hurricane Florence, expected to make landfall Friday.

A new analysis from CoreLogic found that 758,657 homes in North Carolina, South Carolina and Virginia were at risk from the Category 4 storm. The homes represent a potential reconstruction cost value (RCV) of about $170.2 billion.

“Hurricane-driven storm surge can cause significant property damage when high winds and low pressure cause water to amass inside the storm, releasing a powerful rush over land when the hurricane moves onshore,” CoreLogic said in a news release.

Florence, barreling toward the Carolinas with 140mph winds, has prompted massive evacuations in Virginia and the Carolinas, with more than 1 million people facing mandatory evacuation orders, according to The Los Angeles Times.

“This storm is a monster. It’s big and it’s vicious,” North Carolina Gov. Roy Cooper said during a Tuesday media briefing. “The waves and the wind this storm may bring is like nothing you’ve ever seen. Even if you’ve ridden out other storms before, this one is different. Don’t bet your life on riding out a monster.”

“This is not going to be a glancing blow,” Jeff Byard, an administrator with the Federal Emergency Management Agency. “This is going to be a Mike Tyson punch to the Carolina coast.”